Some crypto analysts have affirmed that Ethereum (ETH) is facing a pivotal 
moment as it retests a major resistance barrier that could make or break the 
King of Altcoin’s recovery dreams. Related Reading: Dogecoin ‘Launchpad’ 
Ready? Analysts Forecast Big DOGE Price Move Amid Volume Spike Ethereum $2,400 
Retest: Breakout or Fakeout? On Wednesday, Ethereum jumped 3.6% to retest a 
crucial resistance area for the third time this month, as the cryptocurrency 
attempts to recover from recent market jitters fueled by the US-Iran conflict. 
The cryptocurrency has been hovering between $1,800-$2,450 since the early 
February market crash, attempting to break out of this range on multiple 
occasions but ultimately failing. Amid the recent market recovery, ETH has 
surged 15% from April’s lows and sustained the upper half of its local range 
for the first time in three months. Now, it is trying to reclaim the crucial 
$2,400-$2,500 resistance area before potentially climbing to higher levels. 
Multiple crypto market observers noted that Ethereum has been pushing toward a 
breakout over the past week, reaching a three-month high of $2,464 last Friday 
and testing the $2,425 level today. Analyst Crypto Rand emphasized the 
importance of reclaiming this region for ETH’s price, affirming that 
consolidation above this area would “trigger a major bullish reversal” for the 
cryptocurrency. Similarly, Daan Crypto Trades pointed out that after today’s 
performance, the King of Altcoins is near its bull market band and the weekly 
200 Moving Average (MA), currently at $2,450. This level was lost as support 
in mid-January, and a weekly close above it could open the door to a retest of 
the weekly 200 Exponential Moving Average (EMA), located around the $2,560 
mark. On the contrary, analyst Ted Pillows shared a bearish perspective, 
affirming that although the price is surging, Ethereum’s spot demand “is 
stagnant,” which signals that the recent rally is not supported by steady spot 
accumulation. “Ethereum could have a liquidity grab above the $2,400-$2,450 
level similar to Jan 2026,” he explained, when the price retested the $3,400 
area before crashing. Traders Eye $2,900 And Beyond Despite the concerns of 
another correction, analyst Ali Martinez recently noted that ETH’s SuperTrend, 
used to identify the current market trend, flipped bullish for the first time 
in over a year. Per the post, the SuperTrend showed a Buy signal for the first 
time since the first half of 2025, suggesting the end of the current 
downtrend. The analyst also affirmed that if the cryptocurrency clears the 
$2,385 level, it could open the path to the $2,900 area. This level marks the 
X-axis of ETH’s three-month ascending triangle, and turning it into support 
would neutralize recent sell signals and confirm a major trend continuation. 
“With the overhead supply cleared, the technical objective for this formation 
is now $2,900. As long as we hold above the breakout zone, the momentum 
remains firmly with the bulls,” he wrote. Related Reading: Crypto Community 
Slams LayerZero: More Verifiers Won’t Stop The Next $290M Hack Meanwhile, 
Trader Tardigrade shared a macro perspective on Ethereum based on a two-year 
ascending channel. According to the post, the cryptocurrency retested and 
confirmed the channel’s lower boundary as support in the weekly timeframe 
during the recent market correction, pushing back into the channel over the 
past four weeks. “If this level holds, $6,000 is the mid-2026 target based on 
the channel structure,” he suggested, concluding that “Bullish momentum 
building.” Featured Image from Unsplash.com, Chart from TradingView.com

Ethereum Faces ‘Moment Of Truth’ As Price Eyes $2,450 Resistance – Breakout Loading?

Sam Bankman-Fried withdrew his new trial motion but kept his appeal and 
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Sam Bankman-Fried drops new trial bid, seeks new judge

The strikes heighten geopolitical tensions, potentially prompting broader 
regional conflict and impacting global economic stability.
The post US and Israeli strikes damage Iran&#8217;s industrial sector, including 
Mobarakeh Steel appeared first on Crypto Briefing.

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The SPK surge highlights DeFi&#8217;s vulnerability to exploits, prompting shifts in 
capital flows and raising concerns over protocol security.
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Geopolitical tensions may lead to cautious ECB monetary policy, impacting 
economic stability and market confidence in the Eurozone.
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appeared first on Crypto Briefing.

Cryptocurrency price in KWD